Adani Group, Bangladesh should sort out concerns on power deal, says MEA
The foreign ministry made the statement on a day when reports emerged that Bangladesh was planning to examine terms for Indian businesses there.
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The Ministry of External Affairs on Thursday urged Bangladesh to hold discussions with the Adani Group on any concerns it has about an agreement to supply electricity to it.
Earlier in the day, reports said that Bangladesh’s interim government was planning to examine the terms under which Indian businesses, including the Adani Group, operated there.
The Adani Group exports electricity to Bangladesh from its unit in Jharkhand’s Godda district under an agreement signed in 2017.
The reports about Bangladesh re-examining the terms for Indian businesses came two days after the Financial Times reported that the Adani Group had warned the neighbouring country that its overdue payments – amounting to more than $500 million, or over Rs 4,198.7 crore – had become unsustainable.
On Thursday, ministry spokesperson Randhir Jaiswal at a press briefing said that the agreement between Bangladesh and the Adani Group pertained to a private project that was bound by a buyer-seller agreement between two parties.
“One party happens to be an Indian party and the other party happens to be the Bangladeshi party,” Jaiswal said. “It is for both these parties to determine what do they want out of this agreement or arrangement.”
The foreign ministry said that power authorities in Bangladesh and the Adani Group “will have to sit and sort out issues if they have in this...
